Trustees. Annual Report for the period (OMMtsWN Peric¥J slart date P10d erhd date 2D24 2025 To Section A Reference and administration details Charity name SIMNET OtrrREACH MINISTRIES Other names charity is known by SIMNET OiftREACH. HOLY TRINITY TABERNACLE Registered charity number (rf any) 1147641 Charity'5 principal address SCII(K)L EIOUSE SELBORNE ROAD LONtK)N CRO 5JQ Names of the chaiity trustees who manage the charity Trustee name Office rff any} Name of pèrson {4Y boty) Èntstled inttrustee rfan APOSTt.F. SIMON A. IDOWU CHAIR 05105f2012 TRUSTEE BOARD PASTOR MOSIIOOD AMOS AMOSU 0110612014 TRUSTEE BOARD TiiEASURER PASTOR ADEBAYO GEORGE-LAWAL 01106f2014 TRUSTEE BOARD SECREfARY DR JONATHAN O. OLALEYE TRUSTEE 13108f2018 TRUSTEE BOARD Names of the trustees for the charity. rf any, {for example, any custodian trustees) Name Dates acted rf not for whole Names and addresses of advisers {Optional infomJation} of adviser Name Address Name of chief executive or names of senior staff members (Optional infomiation) TAR March 2012
Section B Structure. overnance and mana ement Description of the charity's trusts TRUST DEED Type of goveming docAJment Trustee selection methods TRUSTEE ARE AppoiwfED BY THF. BOARD OF TRUSTEES Additional govemance issues (Optional information) You may choose to indude additional infomiation, where relevant. about: policies and predureS adopted for the inductton and training of trustees" the chartty's organisattonal structure and any wider network with which the tharity works", relationship with any retated TIIIS CIIARITY IIAS CONFLicf OF tKrEREST POLICY IN PLACE trustees. Gonsideration of major risks and the system and prOdureS to manage them. TAR Marth 2012
Section C Ob'ectives and activities OUR OWEcfs ARE: I "To advan¢¢ the Christian religion in tA)ndon and other places" within England and Waks and overse4 in accordaJKe with the statements of belief appTIng in the schedule and Christian doctrin¢s. for th¢ b¢nefit of the public. Summary ofthe objects of the charity set out in its governing document 2 Yo advan(t educatioll in such ways and in such parts ofthc United Kingdom or the world as the trustees from time to time may think fiL- 3 The prevention or relief of )verty mainly in tA)ndon and other places. nationally or overseas by providing: grdnt4 items and services to indtviduals and supporting other charities or organisations (l(Kal, national and overseas) working to prevent or relieve wverty." All our Ob"ects arc charitablc AcrivrriFS UNDERTAKEN Our trustecs have had rcgard to the guidan(% i&sucd by the Charity Commission on public nerrt. All our Objects are cRL8ritable and the following activtties in furthering them are for public ixnefL" We ndk our usual weekly and monthly chur¢h/ministy activities such as fellowshiplmeetings. pr&b]ll& and bibk studies. prayers and counsellin ¢vangeIistn and radio millislry. Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit) Th¢ following activiti&% were also undertaken: I. YEARLY CONVENTION IHEME: T1 IWiVEST IS NOW DATF.: 28nd of July 2024. VENUE: Archbishop Teni50n's CE High SchooL Selknrne Roa4L Croydon CRO 5JQ. 2. CONFERENCE THEME: BROTHERI.Y I.OVE DATE: 9th ofApril 2024. VENUE: Ashburnham Place. Battl¢. East Susse4 TN33 9NF. 3. SEMINAR THEME: DEVELOPNG A SAVENG FAriH DATE= 28th of Sep. 2024. VENUE: Ashburnham PlaK Battlé East IN33 9NF3 SEMINAR TFIEME: OUR HF.AVFNLY HOME DATF.: 26th of January 2025. VENUE: Archbishop Tenison's CE Iligh School, IEK)rne Roa¢ Cro don CRO 5J TAR March 2012
Additional detaib of objectives and activities (owional inforniation) GrxDt Policy and Procedure The Tee5 must use the inwme and oth¢rmeEtu¢s of the organisation in promoting the Objects in the governing document (Trust Deed). This will includ¢ the of actually carrying out the ObjLxts as in paragraphs 1. 3.2 and ).) of thc Trust Deed. We Curmitly have limtted funds and can only rn2ke grdnts in the forni of small financial &&siStance to applicants in genuine neol and not to those who have made deliknerately made themselves destitute. or those who have not explored other available sources likc their entitlement to ststels(Kial benefits. or aifordable comtnercial loans. Consideration wÉll k giving to individuals who are genuinely experiencing financial hardship or sick because they are poor or at risk of becoming w)or. duc lo: bereavement of the main bread winner in the family. with very low In)Me. du¢ to ill-health, and people who 3re unemployed and people that do not recouFSe to the public funds. Therefore. ch application will be means-tested and assewd (m th¢ir individual merits. You may choose to include further statements. where relevant. about: policy on grantmaknng; wliGy programrne related investrnent contribution made by volunteers. DepdIng on av2ilabilty of fillmls small financia] grnit may also be given to supp)rt other charitable owisalions undertaking similar object and activities, or Tural communities lacing crisis or llatural dis&ster. No Truste¢ or connected persoD to a tee may use their position to influence or obtain any financial or material Eenefrt from this charity cxcept they ordinarily qualify by satisfvÈng the criteria mentioned above. Such trustee or their connected peNin MJUST NOT be involved in the decision making for their lication. Please see the Conflict-of-lntetest Polic . Section D Achievements and performance Summary ofthe main achievements of the charity during the year A&sisted and SUPFN)rtcd people towards employment Providd alu¢*ionaJ materials and SUprt foryoungsters which helped them gain placement into university. Restore families through counselling aryl marriage enrichment programmes. Relieved p)vaty for some people thllgh provision of cl(rthin& toiletries for homelS wle. Organised conferences and seminars for people itt IA)Ddon at Ashburnham, Balt1¢ in Fast Engaged in MissioDary works in Africa and Americ& TAR 2012
Section E Financial review TRUSTEES AND OTHER REIATED PARTIES No payments were made to any trustee or atiy connected with them No material transactions to)k place WTth a trusiet or any COEllTrected with Brtef statsment of the charrvs policy on reserves There was no Grant received during the year. GIFf AID Ther¢ w&s llo Gift Aid recetved durin The following are extracts from Annual A¢wunt for the year ending 31 st MaKh 2024 TOTAL INCOMING RFSOURCF.S Totsl Resources expended on Managing and Athninislering the CTharity £44.362 Details of any funds materialty in deficit £46,118 NET INCOMINGI(OUTGOING) RESOURCES £ (1,756) Totsl funds brought forward £6.017 Total funds catrid fonvard £4,261 Further financial review details (Optional informknon) The main sources of the charity's income are donations and gilts from supporters You may choose to indude additional infomiation. where relevant about the charity's prtncrpal sources of funds (indudtng any fundraising)- how expenditure has supported the key objectives of the charity. investment policy and objectives including any ethical investment policy adopted. In addttion to any other [erS they hav4 the Trustees may exercise any ofthe followin - powers in order to further th¢ obj¢¢ts (but not for an). other pUrlse). (i) to rdise fimds. In exercising this wwer. the TnteeS must not undertake aDy substantial permanent trading activity and tnU5t comply with any relevant statory regulati (ii) to buy. tske on lease or in exchange. hire or otherwise acquire property and to maintain aod equip it for use. {iili to selL or (ther dispose of all or any part of the propety belonging to the Charity. In exercisino this power. the Tn must comply 85 appropriate with sections 36 and )7 of the chlti5 Act 1993. &5 3mend¢d by the Charities (iv) to borrow money and to clw.e the whole or any part of the pmperty longillg to the Charity as seclwity for payMent of the money wed. The Trustees must comply as appropriate with sections 38 and 39 of the Charities Act 1993. as amended by the Chartties Act 2006. if they wish to mortgage land owned by the Charity" (v) to CO-Otmte with other charitie& voluntary IK)dies and sÉatutory authorities alld to exchang¢ inforniatioll alld advice with them" {vi) to establish or support any charitable tru5t4 associations or institutions fonned for any of the cljaritable purrM)ses included in the objects: (vii) to acquirc, merge with or cnter into any p3rtn¢rship or joint ventutE arrnngement with any other Chartty fornied for any of the objects" (vii)I to ¢Teate such advisory committees as the TnLgte¢s think fi¢ (ix) to employ and remunerate such staff as are llC¢C5sary for canying out the. work of the Charity. (x) to do any other lawful thing that is necessary or destrable for the achievement of the ob"ects. TAR March 2012
12r27r25. PM Section F Other optional information F4tUF¢r Section G Declaration The Intee5 dlare thattw have approved the trEtstee5' report above. TAR 1kn* 21112 Sent from AOL on Android https..Ilrnail.goryle.oJmln7afllulOnik•5707s&vpt&Sear-)ll&lWmW=M8g-fr.18s269462438l1fl487&$.[Irwf..l8s26g46243S11... 213
SIMNET OUTREACH MINISTRIES
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH,2025
SIMNET OUTREACH MINISTRIES
| Contents | Page | |
|---|---|---|
| Legal and administrative information | 3 | |
| Report of the Trustees | 4 | |
| Report of the independent examiner | 6 | |
| Statement of financial activities | 7 | |
| Balance sheet | 8 | |
| Notes forming part of the financial statements | 9 | & 10 |
2
SIMNET OUTREACH MINISTRIES CHARITY NUMBER : 1147641
Legal & Administrative Information
| WORKING NAME: | :HOLY TRINITY TABERNACLE | :HOLY TRINITY TABERNACLE |
|---|---|---|
| :SIMNET OUTREACH MINISTRIES | ||
| FINANCIAL YEAR | :1st April, 2023 - 31st March, 2024 | |
| DIRECTORS/MANAGEMENT COMMITTEE | ||
| AT 31/03/2024 | Apostle Simon Adeyinka Idowu | :Chair |
| Mr Adedayo George-Lawal | :Secretary | |
| Mr Moshood Amos Amosu | :Human Resources | |
| Dr (Rev) Jonathan Olaleye | :Trustee | |
| Address: | Simnet Outreach Ministries | |
| School House | ||
| Selborne Road | ||
| Croydon | ||
| CR0 5JQ | ||
| Independent Examiner | ||
| Charterbrook Accountants | ||
| EasyHub Croydon | ||
| Suite 3.12 | ||
| 22 Addiscombe Road | ||
| Croydon | ||
| CR0 5PE | ||
| Bankers | ||
| National Westminster Bank Plc | ||
| Stoke Newington Branch | ||
| 198 Stoke Newington Branch | ||
| London | ||
| N16 7GA |
3
SIMNET OUTREACH MINISTRIES
Report of the Trustees for the year ended 31st March, 2025
The Trustees present their report along with the financial statements of the charity for the year ended
31 March, 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 to 10 and comply with the charity's trust deed and applicable law.
OBJECTS
-
The advancement of the Christian religion and education
-
Welfare Support to bereaved families
-
The provision of education & support for young people whose parents suffer from mental illness.
-
Evangelism (Radio Ministry)
-
Mission Meal Outreach for the homeless.
-
Workshops and Seminars for Church Leaders.
Legal Status, Governance & Management
Board meetings are bi-monthly and ensure the purpose of the organisation is implemented through effective planning resu the annual work plan, associated resources to deliver core and projects, and support to our voluteers, who are the back bon service delivery.
Funding
Delivery of our work programme and related costs are archieved through a mixture of offering and tithes, as well as donations from m
Public Benefit
The Board have due regard to the guidance on public benefit in planning, resourcing and delivering its activities.
Risk Management
The Board ensures there is a risk management policy which reflects the range of risk to which the organisation may be exposed and as mitigating systems are in place.
4
ie of our
SIMNET OUTREACH MINISTRIES
Report of the Independent Examiner
We have examined the financial statements on pages 7 to 8 which have been prepared under the accounting policies set out on page 9.
Respective responsibilities of trustees and examiner
As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section of the Charities Act 2006 does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners Act, whether particular matters have come to my attention.
Basis of opinion
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
Opinion
In connection with our examination, no matter has come to our attention:
-
(1) which gives us reasonable cause to believe that in any material respect the requirements
-
a) to keep accounting records in accordance with section 41 of the Act; and
-
b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act
has not been met; or
- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Charterbrook Accountants EasyHub Croydon Suite 3.12 Croydon Date: 26-Dec-25 CRO 5PE
6
SIMNET OUTREACH MINISTRIES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH, 2025
| STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH, 2025 |
|
|---|---|
| Notes Incoming resources: Grant Other Income Tithes & Offering Gift Aid Donations Less: Resources Expended Evangelism & Honorarium Rent Salaries Insurance Welfare Support & Mission Meal Printing & Publicity Motor Running Expenses Honorarium Volunteer Expenses Telephone & Internet Independent Examiners fee Conferences/Seminars Equipment & Materials Postage & Stationery Subscription, Training & educational Support Depreciation 1(f) & 3 TOTAL EXPENSES Net Incoming/(Outgoing) Balances b/f Balances c/f |
Restricted Unrestricted TOTAL TOTAL Funds Funds 2025 2024 £ £ £ £ - - - - - 9,042.00 9,042.00 5,463.00 - 31,020.00 31,020.0000 18,545.00 - - - 10,427.00 4,300.00 4,300.00 5,965.00 |
| - 44,362.00 44,362.00 40,400.00 |
|
| 4,246.00 4,246.00 5,401.00 5,137.00 5,137.00 5,900.00 16,579.00 16,579.00 10,000.00 - 1,579.00 1,579.00 1,183.00 - 700.00 700.00 1,184.00 - 675.00 675.00 300.00 - 659.00 659.00 1,221.00 500.00 500.00 150.00 - 450.00 450.00 450.00 - 2,115.00 2,115.00 2,450.00 - 400.00 400.00 400.00 - 4,620.00 4,620.00 1,536.00 - 1,839.00 1,839.00 2,074.00 - 4,038.00 4,038.00 1,821.00 - 2,581.00 2,581.00 597.00 - - |
|
| 46,118.00 46,118.00 34,667.00 - (1,756.00) (1,756.00) 5,733.00 |
|
| 6,017.00 6,017.00 284.00 4,261.00 4,261.00 6,017.00 |
7
SIMNET OUTREACH MINISTRIES
BALANCE SHEET AS AT 31ST MARCH, 2025
| Notes Fixed assets Tangible assets 1(f)& 3 Current assets Debtors & Prepayment 2 Cash at Bank and in hand Creditors: amount falling due within one year 4 Net current assets / Current liabilties Total assets less current liabilites Represented By: Restricted Funds Unrestricted Funds 1B Designated Funds Total Charity Funds |
2025 2024 £ £ £ £ 4,309.00 4,309.00 - - 4,261.00 6,017.00 4,261.00 6,017.00 (4,309.00) (48.00) (4,309.00) (4,025.00) 4,261.00 284.00 - - 4,261.00 284.00 4,261.00 284.00 |
2025 2024 £ £ £ £ 4,309.00 4,309.00 - - 4,261.00 6,017.00 4,261.00 6,017.00 (4,309.00) (48.00) (4,309.00) (4,025.00) 4,261.00 284.00 - - 4,261.00 284.00 4,261.00 284.00 |
|---|---|---|
| 284.00 | ||
| - 284.00 |
||
| 284.00 |
We certify that the annexed accounts are in accaordance with the records, information and explanations supplied by
Trustees and have our approval.
Signed by Order of the Board
APOSTLE SIMON ADEYINKA IDOWU
Date: 28-Dec-24
8
SIMNET OUTREACH MINISTRIES
Notes forming part of the financial statements for the year ended 31st March, 2025
1. Accounting policies
(a) Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective March 2000). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) effective October 2000.
(b) Fund Accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purpose. Restricted funds are funds which have been given for particular purposes and projects.
( c ) Incoming resources
All incoming resources are included in the financial statements when the Charity is legally entitled to the income and the income can be quantified with reasonable accuracy. Pledges are only recognised when the amount is certain.
(d) Resources expended
Expenditure is accounted for on accrual basis and classified under the heading appropriate to the nature of the expenditure.
(f) Tangible fixed assets and depreciation
Tangible fixed assets are depreciated on a straight-line basis over their estimated useful lives as follows:
| Equipments | 25% |
|---|---|
| Furniture, Fixtures & Fittings | 25% |
| Motor Vehicle | 25% |
2. Current Assets
| Debtors and Prepayments Cash at Bank and in hand |
2025 £ - 4,261.00 4,261.00 |
2024 £ - 6,017.00 |
|---|---|---|
| 6,017.00 |
9
SIMNET OUTREACH MINISTRIES
Notes forming part of the financial statements (cont'd) for the year ended 31st March, 2025
3. Tangible fixed assets
| Cost At 01 April, 2024 Additions Disposals At 31st March, 2025 Depreciation At 01 April, 2024 Charge for the year On disposals At 31st March, 2025 Net book value At 31st March, 2025 At 31st March, 2023 |
Furniture & Motor Total Equipments Fittings Vehicle £ £ £ £ 15,632.00 475.00 8,100.00 24,207.00 - - - - 0 0 0 0 |
|---|---|
| 15,632.00 475.00 8,100.00 24,207.00 |
|
| 11,323 475 8,100 19,116 0 0 0 391 0 0 0 |
|
| 11,323 475 8,100 19,507 |
|
| 4,309 0 0 4,309 |
|
| 4,309 0 0 4,309 |
None of these assets were acquired under the terms of hire purchase.
4. CREDITORS: Amount falling due within one year
| Cost of Charitable Activities Independent Examiners fee Other Creditors |
2025 2024 400 400 3,909 3,909 |
|---|---|
| 4,309 4,309 |
10